Re: How much money did GM have during the Great Depression?

Posted by Packard53 On 2007/12/20 20:56:52

Clipper 47: I am sorry in being late in answering your question.

After 1933 couldn't get any profits that Opel made out of the country, because of German laws at the time. So GM plowed the profits back into Opel. Opel and GM stopped production of cars in October 1940, and GM walked away from the factory not wanting to contribute to Hitler's war in any form.

After WWII production of cars at the Opel began in 1947 but the factory wasn't under the control of GM at that time. In 1948 GM took control of the factory again, but for some reason it at first was reluctant to do so. Taking control and operation of Opel again turned out to be a money maker for GM. In the early 70's Opel was the second biggest selling car division that GM had. In 1973 Opel outsold VW in Germany.

Owen: I have no answer for your question.

John F. Shireman